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Reuters Poll: Egypt’s Economy Shows Resilience Amid Mideast Tensions
A report by Reuters reveals that the Egyptian economy has demonstrated resilience over the past three months, maintaining steady growth of 4.8% for the fiscal year ending in June, despite the challenges posed by the Middle East conflict. Experts forecast that growth will slow to 4.5% in 2026-2027, then accelerate again to reach 5.3% in 2027-2028, with projections remaining optimistic at 5.5% for 2028-2029. The Egyptian economy has recorded positive results, including foreign exchange reserves rising to $55 billion and expatriate remittances increasing by 31.2%. Inflation is expected to stabilize around 13.5% in 2026-2027. Despite external pressures, estimates suggest that the war's impact on Egypt's economy is primarily "relatively manageable," with a confirmation of stable liquidity and foreign transfers.
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